Houthis seize an oil tanker by October 31, 2026?
28%chance, according to the market
Backed by $31K traded in the last 24 hours — this is a price people are staking money on, not a forecast.
How the price has moved
We started recording this market's daily price today — the history will build from here.
How this resolves
The rules below decide who gets paid. Read them before the price — most surprises are definitional, not predictive.
This market will resolve to "Yes" if Houthi forces seize control of an oil tanker or a commercial vessel transporting oil as cargo between market creation and the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".
"Houthi forces" refers to the military forces of the Houthi movement (Ansar Allah), including any armed force operating under its direction or on its behalf.
Seize control refers to Houthi forces taking custody of or asserting operational control over a commercial ship, including boarding and taking control of the ship, holding or detaining it for an indefinite period, or forcefully rerouting it to a location selected or controlled by the perpetrators. Attacks on military vessels will not be considered. Once a qualifying seizure has occured, any subsequent abandonment, release, rescue, recapture, or other loss of control will not affect the resolution of this market.
Missile/drone strikes or any other form of kinetic attack not resulting in the seizure of the targeted ship will not be considered, regardless of any damage that occurs.
A qualifying seizure must be attributed to Houthi forces.
The primary resolution source for this market will be a consensus of credible reporting.
The occurrence, attribution, and timing of a qualifying seizure will be primarily determined based on a consensus of information available from the resolution sources. Where multiple sources conflict regarding the occurrence of the incident, whether the incident qualifies as a seizure, whether the ship was an oil tanker or commercial vessel transporting oil as cargo, or the attribution of the seizure to Houthi forces, this market will remain open until the earlier of: i) the confirmation of the occurrence, attribution, and timing of the seizure, and of the ship's status as an oil tanker or commercial vessel transporting oil as cargo, based on a consensus of information available from the resolution sources or ii) 3 full calendar days (ET) from the date of the first credibly reported evidence of the seizure. If this period would extend past the end date, this market will remain open to allow for 3 full calendar days to pass. If, at the end of the third calendar day, conflicting reports remain as to the occurrence, attribution, or timing of the seizure, or as to the ship's status, the incident will be judged based on the totality of information available from the resolution sources at that time. No single statement, denial, or presentation of evidence will govern where it is contradicted by the totality of information.
Guides
Background worth reading before you trade this.
- ANALYSISHow to trade the oil shock after the Saudi pipeline strikeWith Hormuz closed and Saudi Arabia's bypass pipeline shut, WTI $110 jumped from 14.5c to 47c. A three-leg basket for the scenario the market prices, and where it loses.
- ANALYSISWhat the Strait of Hormuz markets are actually pricingThe Hormuz reopening markets don't settle on news. They settle on one number published by IMF PortWatch — and until you know that number, you are trading the wrong question.
- GUIDERead the resolution rules before you look at the priceMost settlement surprises are definitional, not predictive. You were right about the world and wrong about what the market counted — here's what to check before you buy.
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Trade this marketPrice as of 2026-09-24 18:55 UTC · Source: Polymarket